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Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25.
In a 2006 study, The Hartman Group marketing research firm issued a report which found that "Five of the top 10 "likely to purchase" private label brands are managed by Walmart including: Great Value, Equate, Sam's Choice, Walmart, and Member's Mark (Sam's Club), per the study."
Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in October 2022. [14] In February 2023, Walmart announced that its FY2023 total revenue was $611.3 billion. [15] Walmart is also the largest private employer in the world with 2.1 million employees.
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